Meixler Investment Management Ltd. Has $220,000 Stake in Allient Inc. $ALNT

Meixler Investment Management Ltd. reduced its stake in shares of Allient Inc. (NASDAQ:ALNT) by 41.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,048 shares of the company’s stock after selling 4,332 shares during the period. Meixler Investment Management Ltd.’s holdings in Allient were worth $220,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Copeland Capital Management LLC boosted its position in shares of Allient by 16.4% during the second quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock valued at $93,000 after buying an additional 360 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after buying an additional 390 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Allient by 0.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 192,048 shares of the company’s stock valued at $4,221,000 after acquiring an additional 511 shares in the last quarter. Deutsche Bank AG boosted its holdings in Allient by 2.9% during the 1st quarter. Deutsche Bank AG now owns 18,221 shares of the company’s stock worth $400,000 after acquiring an additional 520 shares during the last quarter. Finally, Aviso Financial Inc. grew its stake in shares of Allient by 1.8% in the 1st quarter. Aviso Financial Inc. now owns 34,420 shares of the company’s stock worth $757,000 after acquiring an additional 620 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Analyst Ratings Changes

ALNT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Allient in a report on Monday, October 20th. They issued a “neutral” rating and a $60.00 target price for the company. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.50.

Allient Stock Down 0.6%

Allient stock opened at $54.68 on Friday. The firm has a 50 day moving average price of $47.62 and a 200-day moving average price of $38.78. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. Allient Inc. has a twelve month low of $17.16 and a twelve month high of $58.13. The company has a market capitalization of $926.66 million, a P/E ratio of 63.58 and a beta of 1.51.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The company had revenue of $139.58 million for the quarter, compared to analysts’ expectations of $132.89 million. As a group, equities analysts predict that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Allient’s dividend payout ratio is presently 13.95%.

Allient Company Profile

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.